Last Thursday (1 February), the Government made an important announcement that will see Chelmsford benefit from an investment of £5.7 million through the Housing Infrastructure Fund, which will be used to support the delivery of new homes in Chelmer Waterside.
The £5 billion Housing Infrastructure Fund is a Government capital grant programme to help unlock new homes in areas with the greatest housing demand. Funding is awarded to local authorities on a highly competitive basis. The South East did particularly well in the announcement, with 10 per cent of the overall national pot allocated in the region – equating to approximately £82 million.
With the Government committed to building 300,000 homes a year by the mid-2020s, this first wave of funding forms part of a comprehensive programme to improve the housing market.
Leader of Chelmsford City Council, Councillor Roy Whitehead, was pleased to hear the news, saying “I am delighted that the Government has chosen Chelmsford as an important area for future growth. This £5.7 million investment will help us to deliver the necessary infrastructure to support new housing on Waterside and economic growth projects that have already begun in the City. I would particularly like to thank our three Members of Parliament who have supported our bid.”
As Chelmsford continues to grow, Chelmsford City Council will continue to work with Essex County Council and other partners to ensure that supporting infrastructure is delivered alongside much-needed new homes and jobs.
For more information about developments in Chelmsford, please visit the Council’s major developments pages at www.chelmsford.gov.uk
Tuesday 6 February 2018